Chennai-based Sanmar Group, integrated industrial, shipping and engineering group, has acquired North American firm Matrix Metals LLC, a portfolio company of Jefferies Capital Partners.
Cost details of the acquisition is unknown.
Posts Tagged ‘acquisition’
ICRA assigns highest credit rating (A1+) to Tata Motors Finance
Indian rating agency ICRA assigned highest credit quality rating (A1+) to Tata Motors Finance Ltd’s Rs 2,000 crore short term debt.
Earlier in this January ICRA had placed the company’s long-term and short-term ratings on negative watch.
Since Tata emerged as the preferred Jaguar and Land Rover acquisitions bidder, business and financial risk profile of the company is at high stake.
Mascon Global to acquire – Jass & Associates and SDG Corporation
IT services provider Mascon Global announced that its Board of Directors approved the acquisition of two US-based companies – Jass & Associates Inc. and SDG Corporation.
Aquisitation will be of worth $ 55 million (about Rs 222 crore).
- Jass & Associates Inc provides business software services
- SDG Corp provides identity management services.
Tata seeks $3bn in loans for Jaguar, Land Rover takeover
Tata Motors is seeking loans of about $3bn to fund its planned purchase of Ford Motor Co’s luxury UK brands Jaguar and Land Rover. Tata has assigned Citigroup and JPMorgan, its financial advisers on the acquisition.
(Jaguar XK Convertible in Liquid Silver – Photo Credit: jaguar)